Galaxy Digital-Backed AllUnity Secures MiCA License To Drive Stablecoin Growth

AllUnity, a joint venture backed by Galaxy Digital, has obtained an E-Money Institution (EMI) license from Germany's BaFin, paving the way for the launch of a regulated euro-backed stablecoin. The new asset, EURAU, will be the first BaFin-approved stablecoin compliant with the EU's MiCAR framework.

The fully collateralized stablecoin targets institutional use cases, offering 24/7 cross-border settlement capabilities for European fintechs, treasuries, and enterprise clients. Mike Novogratz's Galaxy Digital joins DWS and FLOW Traders as key partners in the initiative, which aims to address liquidity gaps in Europe's digital economy.

Regulatory reporting and proof-of-reserves mechanisms will provide transparency for the institutional-grade product. The license positions AllUnity to set new standards for payment utility in regulated environments while accelerating innovation in cross-border transactions.